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BABY STEPS: TWO MAJOR AGREEMENTS HAVE HOUSTON PARK CLOSE
Published December 4, 1997
The Harris County Houston Authority took "two major steps" Wednesday toward ensuring that the cost of a new downtown ballpark will not exceed $250M, according to John Williams of the HOUSTON CHRONICLE. The authority "unanimously approved" a contract for "up to" $17.85M with K.C-based architects HOK and others to design the retractable roof stadium. The authority also unanimously approved a "tentative" deal with Houston-based Brown & Root to build the park for "no more than" $229.5M, with the firm and the authority to "share any savings equally." Brown & Root will get a "guaranteed" $7.5M to manage construction of the facility and, "in return, will guarantee any cost overruns." A final contract with Brown & Root is "likely to be approved" by December 15 (HOUSTON CHRONICLE, 12/4).